Controlling — Business Studies STD 12 Commerce — Question

Explain any four semantic barriers of communication.

“Sound Financial Planning is essential for the success of any enterprise.” Explain this statement by giving any six reasons.

What is meant by ‘Formal Organisation’? State any four advantages of this form of organisation.

Explain briefly any four factors that affect the working capital requirement of a company.

Describe the nature of principles of management with the help of any four points.

‘In the absence of management, the productive resources will remain resources and shall never become production.’ Explain the importance of management in the light of the above statement.

What is meant by "Divisional structure" of an organisation? For which type of business enterprise is this structure most suitable? State any four advantages of this form of organisational structure.

Mohan is the chief chef of Khidmar restaurant located in the city of Bengaluru. The place is known for its exquisite Mughlai cuisine especially mutton biryani and kababs. All the food is prepared under Mohan's purview. The various activities in the kitchen are initiated in accordance to his instructions. He is very clear and specific in issuing instructions to his subordinates in order to ensure smooth working of the department. He personally oversees the method followed by the chefs for preparation of each dish. He misses no opportunity to praise his subordinates for their good work. All his team members feel very happy and satisfied under his direction. He provides constant guidance to them in order to improve upon its taste and presentation and also encourages them to innovate and be more creative in their work.
By quoting lines, identify the various elements of directing mentioned in the given paragraph.

Define the term ‘Communication’ and explain its features.

Radhika was a student of Business Studies of Class XII. Her father was a farmer who grew different varieties of rice and was well-versed about various aspects of rice cultivation. He was also selected by the government for a pilot-project on rice cultivation. As a project-work in Business Studies, she decided to study the feasibility of marketing good quality rice at a reasonable price. Her father suggested her to use internet to gather customers' views and opinions. She found that there was a huge demand for packaged organic rice. She knew that there were no pre-determined specifications in case of rice because of which it would be difficult to achieve uniformity in the output. To differentiate the product from its competitors, she gave it the name of 'Malabari Organic Rice' and classified it into three different varieties namely - Popular, Classic and Supreme, based on the quality. She felt that these names would help her in product differentiation.
Explain the three functions of marketing, with reference to the above paragraph.